Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit, as well as commercial mortgages, and equipment and operating loans; and loans to consumers comprising mortgage, home equity, automobile, marine, installment, and other secured and unsecured personal lines of credit. In addition, it offers safe deposit boxes; debit and credit cards; direct deposit of payroll; merchant credit card clearing services; telephone, mobile, and Internet banking services; and automatic teller machine (ATM) services. Further, the company provides non-deposit products, such as mutual funds and annuities, and discount brokerage services; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans. It operates 21 full service branches, 23 ATMs, 2 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, and Dorchester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Equity (BVPS)

15.16

15.18

14.51

14.31

13.48

12.04

10.99

11.55

12.23

12.82

growth rate

0.1%

-4.4%

-1.4%

-5.8%

-10.7%

-8.7%

5.1%

5.9%

4.8%

Earnings BIT

18.56

11.69

-2.16

-1.56

-16.20

-16.14

8.13

11.53

15.91

19.82

growth rate

-37.0%

-100.0%

0.0%

0.0%

0.0%

100.0%

41.8%

38.0%

24.5%

Avg.PE

17.54

22.62

-58.80

-69.00

-5.10

18.18

20.33

21.38

20.87

19.55

7.76

growth rate

29.0%

-100.0%

0.0%

0.0%

100.0%

11.8%

5.2%

-2.4%

-6.3%

-60.3%

ROA

1.15

0.49

-0.15

-0.08

-0.82

-0.86

0.47

0.64

0.84

0.88

growth rate

-57.4%

-100.0%

0.0%

0.0%

0.0%

100.0%

36.2%

31.3%

4.8%

ROE

9.26

4.23

-1.33

-0.74

-8.19

-8.87

4.14

4.95

6.40

7.08

growth rate

-54.3%

-100.0%

0.0%

0.0%

0.0%

100.0%

19.6%

29.3%

10.6%

ROIC

13.45

9.61

5.70

4.52

-2.07

-4.50

5.95

growth rate

-28.6%

-40.7%

-20.7%

-100.0%

0.0%

100.0%

Leverage

8.20

9.05

9.23

9.55

10.40

10.20

7.83

7.72

7.52

8.51

growth rate

10.4%

2.0%

3.5%

8.9%

-1.9%

-23.2%

-1.4%

-2.6%

13.2%

Balance Sheet

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Acct.Payable

951.44

978.24

1,000.84

1,207.07

1,212.34

growth rate

2.8%

2.3%

20.6%

0.4%

Cur.Assets

103.33

81.56

82.24

38.59

68.45

growth rate

-21.1%

0.8%

-53.1%

77.4%

Total Assets

1,044.60

1,156.50

1,130.30

1,158.19

1,185.81

1,054.12

1,100.40

1,135.14

1,160.27

1,393.86

1,483.08

growth rate

10.7%

-2.3%

2.5%

2.4%

-11.1%

4.4%

3.2%

2.2%

20.1%

6.4%

Cash

17.30

15.00

41.30

264.00

348.36

283.38

96.22

73.81

75.94

31.82

67.23

growth rate

-13.3%

175.3%

539.2%

32.0%

-18.7%

-66.0%

-23.3%

2.9%

-58.1%

111.3%

Inventory

3.69

4.25

2.48

1.79

1.22

growth rate

15.2%

-41.8%

-27.6%

-31.9%

Cur.Liabilities

956.42

985.02

1,004.11

1,228.87

1,284.89

growth rate

3.0%

1.9%

22.4%

4.6%

Liabilities

917.30

1,028.70

1,007.80

1,036.94

1,071.78

950.83

959.93

988.18

1,005.97

1,230.12

1,299.89

growth rate

12.1%

-2.0%

2.9%

3.4%

-11.3%

1.0%

2.9%

1.8%

22.3%

5.7%

LT Debt

2,008.00

2,009.00

2,010.00

2,011.00

2,012.00

2,013.00

15.00

growth rate

0.1%

0.1%

0.1%

0.1%

0.1%

-62.5%

Equity

127.40

127.80

122.50

121.25

114.03

103.30

140.47

146.97

154.30

163.74

183.19

growth rate

0.3%

-4.2%

-1.0%

-6.0%

-9.4%

36.0%

4.6%

5.0%

6.1%

11.9%

Common Shares

8.00

8.00

8.00

8.00

8.00

8.00

11.00

13.00

13.00

13.00

0.13

growth rate

0.0%

0.0%

0.0%

0.0%

0.0%

37.5%

18.2%

0.0%

0.0%

-99.0%

Cash Flow Statement

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Capital Expenditures

-2.40

1.60

1.30

1.22

2.20

0.55

2.08

1.52

0.70

1.26

growth rate

100.0%

-18.8%

-6.5%

81.1%

-75.3%

281.1%

-26.9%

-54.0%

80.1%

Cash Dividends

5.40

7.20

2.00

0.76

0.09

0.00

0.51

0.51

1.77

2.79

growth rate

33.3%

-72.2%

-62.0%

-88.8%

-100.0%

0.0%

250.0%

57.5%

Cash From OA

14.00

10.20

19.90

21.92

21.39

19.85

13.18

15.12

19.02

17.44

growth rate

-27.1%

95.1%

10.2%

-2.5%

-7.2%

-33.6%

14.7%

25.8%

-8.3%

FCF per Share

1.67

1.02

2.61

2.97

2.27

2.07

1.79

0.90

1.36

1.46

growth rate

-38.9%

155.9%

13.8%

-23.6%

-8.8%

-13.5%

-49.7%

51.1%

7.4%

Sale Purchase of Stock

-0.03

31.28

0.05

0.05

growth rate

100.0%

-99.8%

0.0%

FCF

14.00

9.00

22.00

21.00

19.00

19.00

11.00

14.00

18.00

16.00

growth rate

-35.7%

144.4%

-4.6%

-9.5%

0.0%

-42.1%

27.3%

28.6%

-11.1%

Income Statement

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Sales

60.30

60.90

60.70

68.17

61.66

58.81

47.47

48.87

52.85

60.99

80.05

growth rate

1.0%

-0.3%

12.3%

-9.6%

-4.6%

-19.3%

2.9%

8.2%

15.4%

31.3%

Op.Income

18.60

11.70

-2.20

-0.90

-9.64

-9.63

10.61

13.15

17.03

20.97

37.34

growth rate

-37.1%

-100.0%

0.0%

0.0%

0.0%

100.0%

24.0%

29.5%

23.1%

78.0%

IBT

18.56

11.69

-2.16

-1.56

-16.20

-16.14

8.11

11.52

15.90

19.79

35.30

growth rate

-37.0%

-100.0%

0.0%

0.0%

0.0%

100.0%

42.0%

38.1%

24.4%

78.4%

Net Income

11.50

7.30

-1.70

-0.90

-9.64

-9.63

5.05

7.11

9.64

11.26

25.00

growth rate

-36.5%

-100.0%

0.0%

0.0%

0.0%

100.0%

40.7%

35.6%

16.9%

122.0%

EPS

1.37

0.64

-0.20

-0.11

-1.14

-1.14

0.46

0.56

0.76

0.89

growth rate

-53.3%

-100.0%

0.0%

0.0%

0.0%

100.0%

21.7%

35.7%

17.1%

Gross Profit

47.47

48.87

52.85

60.99

80.05

growth rate

2.9%

8.2%

15.4%

31.3%

Quarterly Statements

Item Name

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Earnings BIT

5.54

5.53

growth rate

-0.2%

Balance Sheet

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Acct.Payable

1,207.07

1,181.01

1,178.85

1,186.01

1,212.34

growth rate

-2.2%

-0.2%

0.6%

2.2%

Cur.Assets

38.59

48.39

49.40

55.44

68.45

growth rate

25.4%

2.1%

12.2%

23.5%

Total Assets

1,393.86

1,421.61

1,451.71

1,473.54

1,483.08

growth rate

2.0%

2.1%

1.5%

0.7%

Cash

31.82

42.00

43.48

48.78

67.23

growth rate

32.0%

3.5%

12.2%

37.8%

Inventory

1.79

1.57

1.57

1.52

1.22

growth rate

-12.5%

0.0%

-3.3%

-19.5%

Cur.Liabilities

1,228.87

1,254.14

1,281.85

1,300.45

1,284.89

growth rate

2.1%

2.2%

1.5%

-1.2%

Liabilities

1,230.12

1,256.63

1,283.60

1,302.12

1,299.89

growth rate

2.2%

2.2%

1.4%

-0.2%

LT Debt

15.00

growth rate

Equity

163.74

164.98

168.12

171.42

183.19

growth rate

0.8%

1.9%

2.0%

6.9%

Common Shares

0.13

0.13

0.13

0.13

0.13

growth rate

0.0%

0.0%

0.0%

0.0%

Cash Flow Statement

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Capital Expenditures

0.22

0.41

0.39

0.23

growth rate

80.8%

-3.0%

-42.0%

Cash Dividends

0.89

0.89

1.02

1.02

growth rate

0.3%

14.6%

-0.2%

Cash From OA

3.71

2.20

5.13

4.70

growth rate

-40.6%

132.9%

-8.3%

Sale Purchase of Stock

growth rate

FCF

3.48

1.80

4.73

4.48

growth rate

-48.5%

163.6%

-5.5%

Income Statement

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Sales

16.16

16.77

16.76

17.35

29.18

growth rate

3.8%

-0.1%

3.6%

68.2%

Op.Income

5.82

5.58

6.39

6.70

18.67

growth rate

-4.1%

14.5%

5.0%

178.5%

IBT

5.53

5.31

5.93

6.06

18.00

growth rate

-4.1%

11.7%

2.3%

196.9%

Net Income

2.70

4.06

4.39

4.45

12.09

growth rate

50.4%

8.2%

1.4%

171.5%

EPS

growth rate

Gross Profit

16.16

16.77

16.76

17.35

29.18

growth rate

3.8%

-0.1%

3.6%

68.2%

R&D

growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.